Regulatory Alerts2024-07-04
Added · Updated
Compilation of Payment System Rules, incorporation of article – Book IX
The Central Bank of Uruguay amends the Compilation of Payment System Rules by adding Article 171.1 to Book IV, requiring Payment and Collection Service Providers to implement adequate prevention mechanisms to stop transactions associated with illegal gambling and betting. This obligation extends the existing regulatory framework for Electronic Money Issuers to these service providers to ensure a solid, efficient, and secure payment system. The resolution was adopted on July 3, 2024, and communicated via Circular No. 2459.